As my followers of the past have seen, some fractals have given me almost some perfect entry and exit points the past week. Last week i said we should be turn up around 8700 after that 1000 point drop, even showed how that big bear flag could turn out. Next turning point was the 9300 high where (according to the fractal as well) we should drop again to test the...
Neo has formed a H&S formation since the pump this weekend. But now it has dropped below the neckline around 86 which could take price back to the 78 support level. Great risk reward trade! Risking $1/$1,5 to gain $8 H&S is a very reliable pattern, but in crypto and especially with Alts (where volume is low) they fail more often when the market is very bullish....
I have been posting my other fractal for almost a week. It had guided me to almost 100% perfection during most of the small waves. But now it's starting to fail. The fractal said we should have gone towards the 10.500 and untill yesterday ot was following it's path almost 100% in a identical way, but the last few hours it is starting to fail. Seems Bitcoin wants...
The chart speaks for it self. We are around a very strong support level, i assume Gold will make a higher low again at the purple trend line. In combination with the wedge, everything falls in to place. So a very good risk reward here. I told my followers in my BTC analysis about his trade earlier today, i was not able to post it here. But i think there will be...
ETC has made a good rally since the low few weeks back, not it seems to have made a rising wedge with a good volume profile. This offers a nice risk reward trade to short it. Stop around the previous high and target around that green area
Since yesterday i have been calling for a reversal at the 8700/8800 support zone, even though we had bear flags all of the place, so TA suggested we should make a bigger correction down, i assumed bulls would not get a chance to get their perfect entry price around 8200/8000. Since price bounced up from the 8650 i have been predicting each wave almost 100%...
Now i finally am able (with help of my followers) to put 2 charts next to each other :) I thought it was worth posting an extra update to show the picture more clearly. To be clear, this is not something to just follow blindly, i wish it was that easy. But we can see some very clear similarities! Now what i do not no for sure, which position we are right now. The...
EURUSD is still very bullish on the daily time frame. It's still inside of a bull flag and today it tested the support level around 1.20. I still have higher targets for the EURUSD, but things have changed a bit since my long term view analysis. To much to get in to it. My bullish view will change if price drops below the 1.15, but there are several support on...
I actually don't have much to add to my previous analysis, but i thought it was worth an update. The start for completing the fractal is there now and it was an important one. For more information read my previous analysis. This chart is a zoom in of the previous one. So far so good, the 8700 did hold as an strong support level, eventually. It wasn't an easy...
I am a happy man again since almost a month now, not because of the trading profits, i did trade some of these waves but all small positions and short rides. But now we are able to analyze the charts again instead of guessing and figuring out the plan of the Big Boys. 1000 points up and down in less than 2 days, i can't even remember when that happened the last...
XRP is sill inside the bull flag/triangle. It could always break both ways, but that's why i use a stop loss in case i am wrong. An upside break has much bigger chances because market sentiment is very bullish lately and looks like FOMO is kicking in again. Now we do not have the same strength we had a few months ago, volume is clearly lower which tells us the...
I am going to keep it short this time. So far Bitcoin is having some trouble with the heavy resistance at 9000/9200. But what's not in favor of the bulls as well, there still has not been a healthy correction.We need to see if buyers are willing to buy it at a higher low and push it back up again, instead of everyone getting bearish again if would would drop to...
I have been reading my comments, just so funny when people pop up AFTER a move has happened. I know comments like these are part of the job here on TV and i accept that. But what i don't like, is when people are twisting facts. If i did not know any better, i would say i was also looking down 2 weeks ago, when most of the market was waiting for that 6K break...
Good setup for a short on EURJPY. The former and very clear and strong support level showed no strength at that purple descending triangle. That pattern shows lower highs. Than after that drop the market made an attempt to form an inverse H&S, but pattern failed wich shows another sign of weakness. And now finally it has formed a rising wedge, which is also a sign...
Entry level between 1.238/1.240 Stop at 1.242 Target 1: 1.232 Target 2: 1.226/1.222
Sorry guys, this time i can't see clearly :). I still thought it was worth while posting this chart again. When i posted this chart the first time we had dropped from that 7500 high back to the 6500 and when price stabilized around 6600 i made this chart and knew what was going on. That purple line i drew 2 weeks ago was what i thought the price would do. We...
XRP is looking very strong now, it has formed a clear upwards triangle. The setup is clear, entry, exit and stop level. I am going to close half positions around both targets. I am not in yet, waiting for it go slightly lower (blue area) and than i will buy. There are to stop levels for me, half is a clear break of that triangle and the second stop for the other...
I have not updated my analysis for a few days because there was just nothing to add really. Price has been moving sideways ever since we made that big short squeeze. I posted this chart a few times already in my updates, not that i knew it would happen like this, but the similarities were very high and with that move up a few hours ago actually even confirming...